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SkytechTPE:6937 -7.97%67 Return-on-Tangible-Asset is 5.76% as of Mar. 2026, which is 29% below its 10-year median of 8.17. GuruFocus rates TPE:6937 with a GF Score™ of 67/100 and a GF Value™ of NT$254.83 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,027 Semiconductors companies, Skytech ranks better than 62.41% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Skytech's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$259 Mil. Skytech's average total tangible assets for the quarter that ended in Mar. 2026 was NT$4,502 Mil. Therefore, Skytech's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.76%.
The historical rank and industry rank for Skytech's Return-on-Tangible-Asset or its related term are showing as below:
TPE:6937'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.46 Med: 8.17 Max: 12.36
Current: 5.01
During the past 7 years, Skytech's highest Return-on-Tangible-Asset was 12.36%. The lowest was 0.46%. And the median was 8.17%.
TPE:6937's Return-on-Tangible-Asset is ranked better than 62.41% of 1027
companies
in the Semiconductors industry
Industry Median: 2.69
vs TPE:6937: 5.01
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Skytech Return-on-Tangible-Asset Related Terms
Skytech Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Skytech's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TPE:6937 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Skytech's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Skytech Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Skytech's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Skytech's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.76% mean?
Skytech (TPE:6937) has a Return-on-Tangible-Asset of 5.76% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Skytech and its competitors. This is 29% below median its historical median of 8.17. Over the past decade, Skytech's Return-on-Tangible-Asset has ranged from 0.46 to 12.36. According to the industry distribution chart, Skytech ranks #386 out of 1027 companies in the Semiconductors industry, placing it in the top 37.6%.
Is Skytech's Return-on-Tangible-Asset too high?
Skytech's current Return-on-Tangible-Asset of 5.76% is 29% below median its 10-year median of 8.17. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 12.36. The Semiconductors industry median Return-on-Tangible-Asset is 2.69. Skytech's value of 5.76% is 114.1% above this industry median. Based on the distribution chart, Skytech ranks #386 out of 1027 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Skytech has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Skytech's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Skytech ranks #386 out of 1027 companies for Return-on-Tangible-Asset. This puts Skytech in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.69. Skytech's value of 5.76% is 114.1% above this benchmark. Historically, Skytech's own Return-on-Tangible-Asset has ranged from 0.46 to 12.36 over the past decade. While the company's 10-year median is 8.17 vs. the industry median of 2.69, Skytech has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.69, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Skytech's current Return-on-Tangible-Asset of 5.76% is 114.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Skytech and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skytech's current Return-on-Tangible-Asset is 5.76%, which is 29% below median its own 10-year median of 8.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skytech stock overvalued right now?
Based on GuruFocus' analysis, Skytech (TPE:6937) is currently considered Fairly Valued. The stock's GF Value™ is NT$254.83, compared to a current price of NT$254.00 — trading 0.3% below its estimated fair value. The current Return-on-Tangible-Asset is 5.76%, which is 29% below median its 10-year median of 8.17 and 114.1% above the Semiconductors industry median of 2.69. Skytech's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Skytech (TPE:6937), the current Return-on-Tangible-Asset is 5.76% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Skytech (TPE:6937) Overvalued in 2026?
Based on GuruFocus' analysis, Skytech stock appears to be undervalued.
The current stock price of NT$254.00 is trading 0.3% below its estimated GF Value™ of NT$254.83.
GuruFocus considers Skytech to be Fairly Valued.
Key valuation signals for TPE:6937:
Return-on-Tangible-Asset: 5.76% (29% below median its 10-year median of 8.17)
GF Value™: NT$254.83 vs. price of NT$254.00 (0.3% below fair value)
Industry Position: 114.1% above the Semiconductors median (#386 of 1027)
No single metric tells the full story. See the TPE:6937 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Skytech Inc is engaged in the research development, manufacturing, maintenance and sales of semiconductor equipment and related spare parts. The company provides professional services to the semiconductor and related technology industries. The services and products provided by the company for components includes thin film processing, etching processing, diffusion processing, polishing processing, metrology processing, photolithography and automation equipment. Geographically, it operates in Taiwan, Mainland China, Singapore and Others. The company derives maximum revenue from Taiwan.
67GF Score
Get the complete analysis for TPE:6937
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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